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Can someone please help me match these up right? letters may apply to cach category Fund or Government-wide Category 1. Governmental funds 2. Proprietary funds
Can someone please help me match these up right?
letters may apply to cach category Fund or Government-wide Category 1. Governmental funds 2. Proprietary funds 3. Fiduciary funds 4. Governmental activities, Fund Type or Characteristic a. Operational accountability b. Modified accrual c. Agency funds d. Statement of cash flows e. Fiscal accountability f. Debt service funds g. Current and noncurrent assets government-wide 5. Business-type activities government-wide and liabilities h. Internal service funds f. Integrated budgetary accounts j. Revenues and expenses k. Additions and deductions 2-18 Matching Funds with Transactions. Choose the letter of the sample transac- tion in the right-hand column that would most likely be reported in the fund listed in the left-hand column. Fund 1. Agency 2. Capital projects 3. Debt service Example a. Construction of public buildings. b. Costs of a central purchasing and warehouse function. c. Gifts in which the principal must be invested and pre- 4. Enterprise served but the investment earnings must be used to 5. General provide scholarships to children of police officers 6. Internal service 7. Investment trust 8. Pension (and other who died in the line of duty d. Administrative expenses of the city manager's office. e. Assets held for external government participants in employee benefit) trust the government's investment pool for the purpose of 9. Permanent earning investment income. 10. Private-purpose trust f. Gifts in which the principal must be invested and pre- served but the investment earnings can be used for public purposes 11. Special revenue g. Costs of operating a municipal swimming pool. h. Taxes collected on behalf of another governmental unit. i. Assets held in trust to provide retirement benefits for municipal workers. debt. purposes j. Principal and interest payments on general long-term k. Grant revenues restricted for particular operating Step by Step Solution
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